Thread: Weekly trading signals for major cryptos - JANUARY 8TH

Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)


BTC/USD

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Dominant trend: Ranging

Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000

BTC/USD continues in a range-bound market in the long-term outlook. The new year rally was shortlived as the bears stage a return as the price drops below the 10EMA. BTC/USD dropped to $3850 in the demand area on 4th January closing a bullish spinning top and an indication of bulls gradual return.

The new trading week started on a bullish note with an engulfing candle as BTC/USD rose to $4218 in the supply area on 6th January. With the stochastic oscillator signal pointing up at 51% and price above the 10-EMA, the bulls may sustain the momentum within the rage in days ahead.

BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.


ETH/USD

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Dominant trend: Bullish

Supply zones: $250, $300, $350
Demand zones: $50, $30, $10

The bullish exhaustion denoted by wicks on the candle at the $165.00 are signals that the bears are in for a minor retracement despite a bullish overall outlook.
The bullish spinning top that opens the trading week on 5th January after pushing ETH/USD to $165.86 in the supply area failed to sustain the bullish momentum as the bears took over the market.

The bearish momentum may increase leading to a further drop in the price of the cryptocurrency within the two EMAs before in the coming days, but the bulls will stage a comeback to attain the bulls target at $174.00 in the supply area.


For more signals: https://www.cryptocomparer.com/news/...r-january-8th/

A trading psychology, based upon how well you know yourself and are able to profit from your strong points, as well as control your weak ones, has a lot to do with how successful of a trader you will be. When you truly know yourself and know your broker, like I know my broker Bprimes, then you are aware of how you are going to react under certain circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade.

hello mate, what do you think about this pair, is this a good sell? Thank you